Shadow banking proposals for AMs spark fierce debate
A European bank regulator's proposals to curb shadow banking have been criticised over the extent to which they could be applied to EU-based asset management firms.
![Shadow banking proposals for AMs spark fierce debate](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FStephen%20Maijoor.jpg&c=1&h=677&q=100&v=20243901&w=1204)
Regulators in Europe have become divided over how far proposed shadow-banking regulations should be applied to the domestic asset management industry.
Days after Europe's bank regulator proposed limiting institutions' involvement in shadow banking, a fellow watchdog has publicly opposed the measures.
It comes amid debate over a proposed Europe-wide capital markets union, which investors have criticised because it lacks provision for a harmonised tax framework to be introduced al…
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